The U.S. Mint, founded in 1792, is part of the Treasury Department. The Mint makes all U.S. coins and safeguards the nation's $100 million in gold and silver Bullion (uncoined bars of metal). Reserves of these precious metals are held at West point, New York, and Fort Knox, Kentucky. The Mint turns out coins at four production facilities (Denver, Philadelphia, San Francisco, and West Point).